Running commercial transportation services entails battling and handling a lot of business risks. Investments in vehicles probably takes up almost 50% of your capital in the said venture, and protecting your investments is a rational thing to do. In addition to protecting your investments, you need to ensure that your day-to-day operations are well-covered from the financial hazards brought about by unforeseen events.
Risks in operating commercial transportation services include liabilities that may arise from accidents, negligence, theft, or natural disasters. These instances are always unforeseen and may hit you by surprise. By availing of an insurance that will shoulder most or all of the incidental costs, you will unburden yourself with the worries of not having enough resources to address those worst-case scenarios when the need arises.
Commercial vehicle insurance provides you with coverage for damages on your vehicles and third-party properties. It also lets you off the burden of settling the passenger claims since it is mostly included in the standard policies.
Be safe and be covered than be sorry. Call us now
and we’ll tell you how to get coverage for your commercial vehicle(s)
Vehicular accidents happen at any given time, the least you expect them to. Damages may vary with severities ranging from minor injuries and vehicle damages to loss of life. Also, theft may occur any time, no matter how physically-secured your vehicles are. A peace of mind over the operations of your commercial vehicles is something you clearly deserve.
To feel an overall security over your commercial vehicles, avail of our commercial vehicle insurance. Comprehensive commercial vehicle insurance with us will allow you to enjoy the following benefits:
Reimbursement of vehicle repair costs/ payment-free repairs at the accredited service centers or repair shops
Manufacturer warranty protection
Reimbursements of expenses of third parties involved in the accident, whether the fault is with the company employees or with the passengers
Coverage of damages in the properties of third parties
Coverage for loss or damage during strikes, riots, or any man-made public threats and disturbances
Windscreen replacements (subject to the policy limit)
Fast processing of claims with good customer service
Comprehensive insurance covers most of the expenses related to the vehicular accidents or any untoward incidents like theft or natural disasters, within the limit as set by the policy. However, there may be cases where some costs are not covered:
icon-times-circle Liabilities arising from breach or non-compliance of the rules and guidelines as set in the insurance policy;
icon-times-circle Liabilities due to negligence or fraud
icon-times-circle Liabilities from war or acts of terrorism
The exclusion provisions depend on the policy agreements. Call us now to get the best options and maximum coverage for this type of insurance.
icon-pencil Fill up the insurance claims application form
icon-paperclip Submit the following documents and information:
• Police report; the police report should indicate the damages and the sustained injuries of the parties involved in the accident/incidents
• For vehicular accidents - the name, address, registration number and insurer details of the other driver/s involved in the accident
• Photos of the scene of accident/incident, if applicable
• Official Receipts of all the expenses incurred relating to the vehicular accident/ incident, where applicable
icon-phone-square Ensure that you’ve reported the vehicle accident within 24 hours to avoid invalidating your No Claim Discount.
icon-truck You have to take your vehicle to the repair shops accredited by your insurer within 24 hours
icon-money Any excess costs not covered by the insurance policy will be paid by you
icon-file For accidents that happened in Malaysia, you need to file a police report in the nearest Malaysian police station. Likewise, you need to file a police report on the same accident/incident when you get back to Singapore.
IS INSURING MY COMMERCIAL VEHICLES THAT IMPORTANT?
The answer to this question lies in your risk appetite. Depending on your judgment on how you want to manage those risks, you may or may not need to avail of the insurance. The most common assessment for this is the cost-benefit aspect; just compare the cost it would take you to insure your vehicles versus the benefits you will reap in the future.
WHAT INSURANCE COVERAGE DO I NEED FOR MY COMMERCIAL VEHICLES?
You can avail of the existing packages that we offer but if you have specific needs and you want to tailor-fit the commercial vehicle insurance for your business, we can come up with an arrangement that will be cost-efficient for your business.
WHAT ARE THE TYPES OF COMMERCIAL VEHICLES THAT QUALIFY FOR THE INSURANCE COVERAGE?
In general, all types of commercial vehicles (lorry, van, pick-up, refrigerated vehicle, prime mover, tipper lorry, dump truck, trailers etc) are qualified for this type of insurance. To get the exact information on the types of commercial vehicles allowed for coverage, do contact us now.
Call us now and get your free insurance consultation with our highly-experienced consultants. We will give you the best value-for-money insurance solutions that will definitely provide you with maximum coverage at a reasonable price. We can also customize plans according to your specific needs.
After you’ve chosen your desired plan from one of the major insurers, you will submit the required documents so that we can process your application right away.
As mentioned, we cooperate with insurance advisers from the following extensive general insurers in Singapore as such:
icon-star AVIVA Ltd
icon-star AXA Insurance Singapore Pte Ltd
icon-star AIG Asia Pacific Insurance Pte Ltd
icon-star China Taiping Insurance (Singapore) Pte Ltd
icon-star EQ Insurance Company Ltd
icon-star Liberty Insurance Pte Ltd
icon-star MSIG Insurance (Singapore) Pte Ltd
icon-star NTUC Income
icon-star Overseas Assurance Corporation (OAC)
icon-star QBE Insurance (International) Limited
icon-star RSA – Royal & Sun Alliance Insurance Plc
icon-star Tokio Marine Insurance Singapore Ltd.
For any inquiries and concerns, you may call our customer support any time and they’ll assist you in your inquiries. We’re just a few touch of buttons away. Call now!